Former B&B shareholders will not receive compensation

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Former B&B shareholders will not receive compensation

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07-06-2010, 10:48 AM

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Former B&B shareholders will not receive compensation

An independent valuer has said former shareholders of crisis-torn Bradford & Bingley (B&B) will not receive any compensation after it was split and sold.At the height of the financial crisis, B&B’s loan book was nationalised, while Spanish banking giant Santander took ownership of its savings business and branch network.B&B’s shares closed at 20p in the [...]

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